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Price Analysis

Stellar Price Analysis: Stellar (XLM) Current Bull Trend Isn’t Institutional FOMO

  • XLM to follow XRP in the Golden Cross venture.
  • Stellar (XLM) on the bullish trend.

Stellar (XLM) and Golden Cross are likely to have a future together. XLM follows the footsteps of XRP. The week started with a bullish trend, and the marketers believe Bitcoin to be the anchor.

However, on 1st June 2019, XLM crashed in the crypto market, and so did many currencies. The drop soon caught up the pace and started recovering. XLM is currently experiencing a bull-run in the charts.

The movement in the price is assumed to remain the same or even go up in the coming few weeks.

Let’s have a look at the chart.

XLM Price Statistics:

The chart is taken from Trading View on 2nd June, at 08:13: 07 UTC for price analysis:

Stellar price chart - june 2

ParticularsStatistics
Rank10
Price0.136099 USD
ROI4473.68%
Circulating Supply19,327,248,644 XLM
Market Cap2,630,411,712 USD
24hr Volume446,783,171 USD

Looking at the chart, we can clearly see that in the month of May, the graph is making a two tops shape. Usually, the two tops shape in a graph indicated towards the bullish movement in the price.

Stellar Coin Comparison:

Stellar (XLM) is presently holding tight at the 10th position in the cryptocurrency market. In the last 90 days, the high was market at 0.158347 USD and the low at 0.082984 USD.

If we compare the price of last month’s movement on the chart, we could get a more precise picture. On 7th May 2019, the price of Stellar (XLM) was at $0.098. On 2nd June 2019, at 08:24 UTC, the price is at $0.136. The increase in price is marked by 38.77%.

Stellar Price Prediction and Conclusion:

Stellar (XLM) is riding high in the market. The upcoming business venture with IBM and Golden Cross seems promising. Hence, the traders are more interested in the coin than ever. With the ongoing progress of Stellar (XLM), the price of the currency in the crypto market can also go high.

In the coming two or three years, the price of Stellar (XLM) can touch a high of $5 or $7.

We would recommend for a bulk investment on Stellar (XLM) as the long term return is assured.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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